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Indian Finance Minister Smt Nirmala Sitharaman to inaugurate DATE in New Delhi

Pti: Indian Finance Minister Smt Nirmala Sitharaman to inaugurate DATE in New Delhi

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Sebi asked to consult stakeholders at drafting stage to ensure regulations are not overly restrictive: FM Nirmala Sitharaman

FM Nirmala Sitharaman reassured industry stakeholders, stating the government s directive to SEBI to consult shareholders and amend regulations perceived as overly restrictive. Addressing concerns of stifling innovation, Sitharaman emphasized a balanced approach for growth. She urged state-run banks to attract deposits with competitive interest rates while supporting India s expanding credit needs.

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Finance Minister Nirmala Sitharaman unveils pioneering India Stack at DATE 2023, spearheading global digital transformation

Finance Minister Nirmala Sitharaman unveils pioneering India Stack at DATE 2023, spearheading global digital transformation
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FM weighs in on retail loan measures, says RBI knows where the thin line lies

The comments by the finance minister come a day after Reserve Bank of India Governor Shaktikanta Das advised banks and non-bank finance companies to be careful and ensure that credit growth exuberance is avoided

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NBFCs need not go too far in their enthusiasm to lend: FM Nirmala Sitharaman

Speaking at the Digital Acceleration & Transformation Expo in the capital, organised by Trescon, the minister said: "Enthusiasm is good but sometimes it becomes a bit too far for people to digest. So as a measure of caution the RBI (Reserve Bank of India) has also alerted small finance banks, NBFCs to be careful that they don t go too far too soon and face any downside risks later."

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